Indonesia Economic Quarterly, December 2012 : Policies in Focus
Indonesia's real Gross Domestic Product (GDP) growth has proven robust to the weakness in external demand in 2012. Real GDP rose by 6.2 percent year-on-year in the third quarter. This was slightly lower than the 6.4 percent growth seen in the...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/284921468039052705/Indonesia-economic-quarterly-policies-in-focus http://hdl.handle.net/10986/30839 |
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okr-10986-308392021-04-23T14:04:59Z Indonesia Economic Quarterly, December 2012 : Policies in Focus World Bank ECONOMIC GROWTH ECONOMIC OUTLOOK BALANCE OF PAYMENTS CAPITAL FLOWS FISCAL TRENDS RISKS MINIMUM WAGE EMPLOYMENT FLOOD RISK DISASTER RECOVERY SERVICE DELIVERY Indonesia's real Gross Domestic Product (GDP) growth has proven robust to the weakness in external demand in 2012. Real GDP rose by 6.2 percent year-on-year in the third quarter. This was slightly lower than the 6.4 percent growth seen in the second quarter and was the eighth consecutive quarter of above 6 percent growth. On a seasonally-adjusted quarter-on quarter basis the economy grew by 1.3 per cent in the third quarter, down from 1.6 percent in the second quarter. While real GDP growth eased only slightly, nominal GDP growth slowed significantly in the third quarter, falling to 9.9 per cent year-on-year, from 12.5 percent year-on-year in the second quarter. The level of investment spending remained high, up 10 percent year-on-year in the third quarter. However, investment did contract in seasonally adjusted quarter on quarter terms by 0.4 percent. This sequential contraction was largely driven by falls in spending on foreign transportation, machinery and equipment, consistent with the weakness in capital goods imports seen in the quarter. In contrast to the sharp drop in government consumption and moderation in investment, private consumption growth picked up in the third quarter, increasing by 5.7 percent year on-year. Growth in the services sectors moderated somewhat but was still solid at 7.3 percent year-on-year, compared to 8.1 year-on-year in the second quarter. Communications and transport remained one of the strongest of the service sectors (up 10.5 per cent year-on year). There was some moderation in the trade, hotel and restaurant sector in the quarter. 2018-11-12T17:39:10Z 2018-11-12T17:39:10Z 2012-12 Report http://documents.worldbank.org/curated/en/284921468039052705/Indonesia-economic-quarterly-policies-in-focus http://hdl.handle.net/10986/30839 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Indonesia |
| repository_type |
Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH ECONOMIC OUTLOOK BALANCE OF PAYMENTS CAPITAL FLOWS FISCAL TRENDS RISKS MINIMUM WAGE EMPLOYMENT FLOOD RISK DISASTER RECOVERY SERVICE DELIVERY |
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ECONOMIC GROWTH ECONOMIC OUTLOOK BALANCE OF PAYMENTS CAPITAL FLOWS FISCAL TRENDS RISKS MINIMUM WAGE EMPLOYMENT FLOOD RISK DISASTER RECOVERY SERVICE DELIVERY World Bank Indonesia Economic Quarterly, December 2012 : Policies in Focus |
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East Asia and Pacific Indonesia |
| description |
Indonesia's real Gross Domestic
Product (GDP) growth has proven robust to the weakness in
external demand in 2012. Real GDP rose by 6.2 percent
year-on-year in the third quarter. This was slightly lower
than the 6.4 percent growth seen in the second quarter and
was the eighth consecutive quarter of above 6 percent
growth. On a seasonally-adjusted quarter-on quarter basis
the economy grew by 1.3 per cent in the third quarter, down
from 1.6 percent in the second quarter. While real GDP
growth eased only slightly, nominal GDP growth slowed
significantly in the third quarter, falling to 9.9 per cent
year-on-year, from 12.5 percent year-on-year in the second
quarter. The level of investment spending remained high, up
10 percent year-on-year in the third quarter. However,
investment did contract in seasonally adjusted quarter on
quarter terms by 0.4 percent. This sequential contraction
was largely driven by falls in spending on foreign
transportation, machinery and equipment, consistent with the
weakness in capital goods imports seen in the quarter. In
contrast to the sharp drop in government consumption and
moderation in investment, private consumption growth picked
up in the third quarter, increasing by 5.7 percent year
on-year. Growth in the services sectors moderated somewhat
but was still solid at 7.3 percent year-on-year, compared to
8.1 year-on-year in the second quarter. Communications and
transport remained one of the strongest of the service
sectors (up 10.5 per cent year-on year). There was some
moderation in the trade, hotel and restaurant sector in the quarter. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Indonesia Economic Quarterly, December 2012 : Policies in Focus |
| title_short |
Indonesia Economic Quarterly, December 2012 : Policies in Focus |
| title_full |
Indonesia Economic Quarterly, December 2012 : Policies in Focus |
| title_fullStr |
Indonesia Economic Quarterly, December 2012 : Policies in Focus |
| title_full_unstemmed |
Indonesia Economic Quarterly, December 2012 : Policies in Focus |
| title_sort |
indonesia economic quarterly, december 2012 : policies in focus |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/284921468039052705/Indonesia-economic-quarterly-policies-in-focus http://hdl.handle.net/10986/30839 |
| _version_ |
1764472988318564352 |